Pre-financing and Guarantee Fund
Initiating and organising an international conference is like starting up a new enterprise, whilst knowing that its life span is limited. Such an enterprise usually requires starting capital to pay the initial costs. Insurance to cover possible risks due to unexpected reduced attendance may also be needed.
The Pre-financing and Guarantee Fund (VGF) was set up by the Netherlands Board of Tourism & Conventions (NBTC) and the Dutch Convention Industry Association VNC, in co-operation with the Ministry of Economic Affairs, to meet these needs.
One fund, two facilities
The Pre-Financing and Guarantee Fund offers two facilities:
- Interest-free loan to finance the initial costs of an international conference.
- Insurance (at non-commercial rate) against possible financial risks due to unexpected reduced attendance.
The two facilities the VGF offers, the pre-financing and the guarantee, may be used both separately and in combination.
Associations that are planning to organize an international convention in Holland can apply to NBTC for an interest-free loan or for a guarantee. NBTC is their intermediary for requests for pre-financing or guarantees under the Pre-financing and Guarantee Fund (VGF).
Whether a request will actually be granted, depends on the soundness of the budget submitted, on the history of the convention, etc. The minimum period for requesting pre-financing and/or a guarantee is twelve months prior to the convention. The VGF is a unique instrument in the international world of conventions, make the most of it!
To apply for the fund, please download the following documents
- Information folder Pre-financing and Guarantee Fund
- Application form Pre-financing and Guarantee Fund
- Request template Pre-financing and Guarantee Fund
If you would like more information on the Pre-Financing and Guarantee Fund, please contact:
Mr. Eric Bakermans, Marketing Manager Meetings & Conventions at email@example.com or +31 (0)70 370565.